Bombardier, Inc. (TSE:BBD.B) had its price objective boosted by TD Securities from C$2.50 to C$2.75 in a research note issued to investors on Friday morning. TD Securities currently has a hold rating on the stock.
Other research analysts have also issued reports about the company. CIBC raised their price objective on Bombardier from C$3.00 to C$3.25 in a research report on Friday, October 20th. Macquarie raised their price objective on Bombardier from C$3.00 to C$3.50 in a research report on Friday, October 27th. BMO Capital Markets raised their price objective on Bombardier from C$3.10 to C$3.30 in a research report on Friday. Cormark raised Bombardier from a market perform rating to a buy rating and raised their price objective for the company from C$2.40 to C$3.20 in a research report on Tuesday, October 24th. Finally, Scotiabank raised their price objective on Bombardier from C$3.25 to C$3.75 and gave the company an outperform rating in a research report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of C$3.01.
Bombardier (TSE BBD.B) traded up C$0.18 during midday trading on Friday, hitting C$3.13. The stock had a trading volume of 17,550,000 shares, compared to its average volume of 10,620,000. Bombardier has a 1-year low of C$1.72 and a 1-year high of C$3.14.
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Bombardier Inc is a Canada-based manufacturer of both planes and trains. It operates through four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation. The Business Aircraft segment is engaged in the design, manufacture and aftermarket support for three families of business jets (Learjet, Challenger and Global).
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